Monday, April 21, 2025

Creating liberating content

Gold prices breached the Rs 97,000 per 10 grams level

The gold-plated iPhone 16 Pro (Video grab) The Pakistan Super

Tesla CEO Elon Musk attends a cabinet meeting at the

Related News

Gold prices breached the Rs 97,000 per 10 grams level for the first time in futures trade on Monday, surging by Rs 2,111 to hit an all-time high of Rs

The gold-plated iPhone 16 Pro (Video grab) The Pakistan Super League (PSL) has seen its fair share of viral moments this season, but none quite as glamorous as this. Lahore

Tesla CEO Elon Musk attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | Reuters Elon Musk is looking to put “proper

NEW DELHI: KL Rahul will walk onto familiar turf on Tuesday, but this time in new colours. The star Indian batter, now representing Delhi Capitals, returns to the Bharat Ratna

File Pic: Rohit Sharma and Abhishek Nayar NEW DELHI: India captain Rohit Sharma publicly thanked his long-time friend and personal mentor Abhishek Nayar on Monday, days after the BCCI terminated

Mumbai Indians’ Hardik Pandya and teammates celebrate the wicket of Chennai Super Kings’ Rachin Ravindra during their IPL 2025 match. (ANI) Mumbai Indians secured a convincing victory against Chennai Super

Trending News

Gold prices breached the Rs 97,000 per 10 grams level for the first time in futures trade on Monday, surging by Rs 2,111 to hit an all-time high of Rs

NEW DELHI: Google has reached a settlement with the Competition Commission of India (CCI) in a case involving alleged unfair business practices in the Android TV segment. As part of

India’s core infrastructure sectors posted a slower growth of 3.8 per cent in March 2025, compared to 6.3 per cent in the same month a year ago, according to official

Marcellus Investment CEO Saurabh Mukherjea (File photo from Marcellus website) White-collar employment, long considered the backbone of India’s growing middle class, is undergoing a significant decline, according to prominent investment

Indian stock markets maintain a close correlation with the US stock markets, Goldman Sachs has said in a recent analysis. According to Goldman Sachs, whilst India’s economy remains comparatively protected

China has issued a sharp warning against what it sees as growing US pressure on its global trading partners, vowing to “firmly oppose and retaliate” against any moves that compromise

‘Bargaining with a Tiger for its skin’: China’s stark warning as US tariff fight escalates

Word Count: 741 | Estimated Reading Time: 4 minutes


'Bargaining with a Tiger for its skin': China’s stark warning as US tariff fight escalates

China has issued a sharp warning against what it sees as growing US pressure on its global trading partners, vowing to “firmly oppose and retaliate” against any moves that compromise its national interests.
The statement comes amid reports, cited by the South China Morning Post, that Washington is urging allies to scale back trade with Beijing in return for tariff exemptions — a move China likened to bargaining with a tiger for its skin.
A spokesperson for China’s ministry of commerce accused Washington of using reciprocity as a justification to apply “unilateral economic pressure,” describing it as “unilateral bullying” that violates international norms and represents “economic hegemony under the cloak of fairness.”
“Trying to trade away others’ interests for temporary gains is like bargaining with a tiger for its skin – it will only backfire,” the statement read.
The ministry made it clear that any agreement by foreign governments that undermines Chinese interests would provoke a strong response.
“If such a situation arises, China would never accept it and would take firm countermeasures,” the spokesperson said, adding that Beijing has both “the determination and the capability to defend its rights.”
The statement further warned that a return to protectionism and economic unilateralism would be harmful for all countries. It called on the global community to resist “US trade coercion” and uphold a fair international trading system.
So far in 2025, the US has imposed tariffs totalling 145 per cent on Chinese goods, pushing the effective tariff rate to approximately 156 per cent. According to a fact sheet released by the White House on Tuesday, when earlier tariffs are included, the total levies on Chinese imports could reach as high as 245 per cent.
In retaliation, China has hiked its own tariffs on US goods to 125 per cent, building on earlier duties, and has refused to enter into trade talks under what it deems unfair conditions.
According to The Wall Street Journal, the Trump administration is pressuring over 70 trading partners to reduce their economic engagement with China in exchange for tariff relief — part of a broader strategy to isolate Beijing ahead of potential talks with President Xi Jinping.
While senior officials from key regional economies like Japan and South Korea have recently travelled to Washington to negotiate tariff exemptions and limit export fallout, there has been little headway in resuming formal trade discussions between China and the US.
Beijing remains firm that any negotiations must be based on “equality and mutual benefit,” and has rejected entering talks under external pressure.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account